Steve Barha

Founder & CEO Cobraste: fintech for LATAM to empower the financially underserved. Previously Instant (@beingInstant), TIO Networks (@paypal) & Santra (@HP)

[Steve Barha @stevebarha]

🚀 We just launched the world’s first Artificial Financial Intelligence (AFI) agent: Tío Juan.

A friendly digital mentor helping workers take control of their money with personalized guidance & inline culturally relevant education

https://t.co/M22d6I2bsW

#FutureOfWork #AI

[Steve Barha @stevebarha]

The Tipping Point: How We’re Undermining Workers
https://t.co/dreKDU6Lda

[Steve Barha @stevebarha]

@jefielding Rolling closes unless you have the commitments already when papering with the lead. That said, $200k on a $10M round? Doesn’t sound like a great partner.

[Steve Barha @stevebarha]

@daleyervin Amazing.. and yet not surprising! 🥦

[Steve Barha @stevebarha]

@daleyervin Too many softies @daleyervin, it’s a huge indicator. Early stage teams full of lifestyle folks that bolt at 5pm wont create amazingness. Passionate teams of warriors stick around working together to solve the big problems. 5:01 emptiness is a huge 🚩Btw WARRIORS ONLY: I’m hiring.

[Steve Barha @stevebarha]

@saranormous Also seems there’s a category of life stylers that just want the granted authority of a title vs wanting to really do the work. They always have appointments & need to leave early. Cross ref with ppl lower on the org chart as they were watching and are pissed. They’ll spill!

[Steve Barha @stevebarha]

@saranormous Big title but small role at big company is one red flag… dive deep & see if they were hands on in the trenches & really pushing or just carrying around the title along with airline travel badge on their bag. Ask specifics, get data, get validation from above and below the org

[Steve Barha @stevebarha]

@chamath The bold companies that take ownership of pieces of the supply chain to optimize COGS over time to eventually drive GM$ are the differentiated ones. Hard sell in the bloated valuations game over the last decade.

[Steve Barha @stevebarha]

@chamath High GM% out of the gate is attractive to most.. including the early money in. It’s indicative of little differentiation / sustainable advantage in many cases creating leaky businesses so it’s S&M to drive growth.

[Steve Barha @stevebarha]

@NWischoff DM sent

[Steve Barha @stevebarha]

@jefielding Given all of the cheering from the sidelines 😁 if that fund did end up participating in a later round with a different share class / rights from the angel investment the Partner independently participated in it *COULD* put the Partner in a bad spot if things went haywire.

[Steve Barha @stevebarha]

@jefielding Could be; good point. My experience has been each time this has happened they have been absolutely zero headache (which is not always the case across the cap table) that I can call on for input as needed. I do find it interesting that funds allow it though…

[Steve Barha @stevebarha]

@greycroftvc Outstanding - the startup sphere needs exactly more of this!

[Steve Barha @stevebarha]

@trevorloy I’ll take it 1 step further: My worst hires of all time are the airline status crowd: they taking bizarre routes on business travel eating up an extra day or two as they value their points over time & cash. The clear red flag indicator is the POINTS BADGE HANGING ON THEIR BAG 🤮

[Steve Barha @stevebarha]

@jefielding Founder perspective: I’m not offended by a reset on vesting. It’s a tough market to raise in and as long as the larger issues are friendly (valuation, liquidation preference, etc) I wouldn’t lose sleep on the reset.

[Steve Barha @stevebarha]

The pace of AI evolution is exponential and that growth is difficult for most to comprehend. This isn’t NFTs…

Industrial Revolution, Personal Computer, Internet, Mobile, now AI.

The next cohort of global leaders are being incubated right now.

[Steve Barha @stevebarha]

@Nrcoope 🎉 Whoooooo! We’re back baby!!! 🎉

[Steve Barha @stevebarha]

@waltrcox +1 yes

[Steve Barha @stevebarha]

@waltrcox 🤙